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$76.49Last Dividend
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Apr 25, 2025Recent quarterly earnings:
Jan 22, 2025Recent annual earnings:
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Dec 13, 2024Next split:
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Aug 27, 2007Analyst ratings
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WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Defense LLC, part of Textron Inc. (NYSE:TXT), announced today, in partnership with the Kanematsu Group, that the Beechcraft T-6 Texan II Integrated Training System (ITS) has been selected to enhance pilot training for the Japan Air Self-Defense Force (JASDF). With this decision, Japan will join 14 other countries that have opted for the T-6 Texan II, contributing to a total of over 1,000 T-6 aircraft delivered globally. The Beechcraft T-6 Texan II is specifically designed and manufactured for training purposes.
TXT's revenue for the fourth quarter was $3.61 billion, which is 3.5% lower than what analysts expected and represents a 7.2% decrease compared to the same quarter last year.
Textron (TXT -4.79%), a diverse industrial firm recognized for its aviation and defense sectors, announced its fourth-quarter 2024 earnings on January 22. The company reported adjusted earnings per share (EPS) of $1.34, which exceeded the expected consensus of $1.28 by 4.7%.
Textron (TXT) reported quarterly earnings of $1.34 per share, which is higher than the Zacks Consensus Estimate of $1.25 per share. However, this is lower than the earnings of $1.60 per share from the same period last year.
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) announced that its income from continuing operations for the fourth quarter of 2024 was $0.76 per share, down from $1.01 per share in the same quarter of 2023. The adjusted income from continuing operations, which is a non-GAAP measure, was $1.34 per share for the fourth quarter of 2024, compared to $1.60 per share in the fourth quarter of 2023. The report also includes details on the full year 2024 income from continuing operations.
TXT's results for the fourth quarter are expected to be affected by poor sales from two of its key business areas.
Textron (TXT) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.
Textron Inc. is a mid-sized conglomerate that is often undervalued and not given enough attention, making it a good alternative to expensive tech stocks, thanks to its strong brand recognition. The company earns money from various sectors, including aviation, helicopters, industrial products, and defense systems, and has a strong pipeline of future contracts, such as the FLRAA project. Textron is financially stable, with a BBB credit rating, regular share buybacks, and a steady decrease in debt, which helps support long-term growth in earnings per share.
TXT's division, Bell, has won a contract to offer program management, engineering, and logistics support for UH-1Y and AH-1Z helicopters.
Textron's stock has not performed well, increasing by only 9.5% while the S&P 500 rose by 53.6%, mainly due to challenges in its Industrials sector and a recent strike. The EBITDA forecasts for Textron have been lowered, predicting a 9.7% decrease for 2024, which has also reduced the compound annual growth rate (CAGR) from 7.8% to 7.3%. Additionally, free cash flow estimates have dropped by 25.7% for 2024, leading to a decline in CAGR from 10.4% to 8.3%, largely because of rising labor costs.
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